Finance
GM-Backed Momenta Set for Hong Kong Debut After $752 Million IPO
📋 Article Summary
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Momenta Global Ltd., a Chinese autonomous-driving firm, is set to begin trading in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies. Momenta Global Ltd., a Chinese autonomous-driving firm, is set to begin trading in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.
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